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Airlines business
Friday, 13/08/2020, 06:37:12 AM
ATR SELLS TWO ATR72 TO KOREAN START-UP HI AIR
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ATR today announces the sale of two ATR 72-500 aircraft from its asset management portfolio to Hi Air. With this purchase, the South Korean start-up, which began operations in December 2019 will increase its ATR fleet to four.

The two additional aircraft will be delivered in August and October. Supported by the superior economics and versatility of the ATR 72, which burns 40% less fuel and emits 40% less CO2 than a comparable regional jet, the airline is already ready to grow its fleet and expand the number of routes it offers. This summer, Hi Air will launch services on five domestic routes, including to the popular tourist destination of Jeju Island. ATR aircraft are proven route openers, having opened 164 routes globally in 2019.

HyungKwan Youn, Chief Executive Officer of Hi Air said, “Selecting the ATR 72 to begin operations has been important for Hi Air’s early success. Launching an airline is hugely challenging. To be successful, new airlines need an aircraft that is efficient, reliable and offers passengers a good in-flight experience. To be in a position already to expand our operations is because the ATR fulfils these criteria. At Hi Air, we believe that increasing regional connectivity in Korea will benefit passengers, communities and businesses and we look forward to continuing this mission with the support of ATR.”

Source: https://www.aviationnews-online.com/airline/korean-start-up-hi-air-buys-two-aircraft-from-atr/

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